Europe: Cemex commissioned seven new bolt-on investments across Europe in January 2021. The company says that all of the investments are aligned to its key priorities of climate action, sustainable construction and earnings before interest, taxes, depreciation, and amortisation (EBITDA) growth. They include advances in fossil fuel reduction, lower CO2 footprint products, circular economy investments and products that demonstrate life cycle CO2 and energy consumption advantages for buildings. It made various changes at its cement plants, for example the installation of a new alternative fuel (AF) system in the Czech Republic. In France and the UK, it made circular economy and recycling improvements, and shifted to lower-CO2 cement production in Croatia and lightweight concrete production in Spain. Additionally, it made efficiency upgrades to sites in Spain and the UK.
Europe, Middle East and Africa regional president Sergio Menendez said, “We have made a strong start to our 2021 ambitions to both grow our business and improve our climate impact. In 2020, we achieved our ambition of a 35% reduction in our CO2 emissions compared to our 1990 baseline in Europe. We are also the first company in our sector to align our Europe operations to the EU aspiration to reduce CO2 emissions by at least 55% by 2030. These investments represent further advances towards this 2030 target, as well as to deliver net zero CO2 concrete globally by 2050.”
